EL SEWEDY ELECTRIC

Elsewedy Electric is an Egyptian multinational company and a global provider of integrated energy and infrastructure solutions. Founded in 1938, the company has grown from a local manufacturer into a major player in the electrical industry, with operations spanning across the Middle East, Africa, Europe, and Asia.

Business activities

Elsewedy Electric's operations are organized into five primary business sectors:

• Wire, Cable & Accessories: Produces a comprehensive range of electrical wires, power and special cables, and cable accessories for over 100 countries.

• Electrical Products: Manufactures a diverse portfolio of electrical products, including transformers, motors, and lighting fixtures.

• Engineering & Construction: Provides turnkey solutions for mega-projects related to power generation, transmission, and distribution, as well as transportation and civil works.

• Digital Solutions: Offers a wide range of hardware and software solutions, including smart meters, data center setups, and industrial automation.

• Infrastructure Investments: Invests in projects across various sectors, such as green energy generation, industrial cities, and water projects.

Key facts and history

• Founding and family: The company was founded by the Elsewedy family in 1938 and is currently led by CEO and President Ahmed Elsewedy.

• Expansion and growth: It started its first cable production plant in 1984 and later acquired other companies to expand into sectors like wind energy and energy management. The name was changed from Elsewedy Cables to Elsewedy Electric in 2010 to reflect this diversification.

• Global footprint: The company has manufacturing facilities in over 25 countries, exports to more than 110 countries, and has a physical presence in more than 50 countries.

• Notable projects: The company has contributed to major infrastructure projects, including Egypt's High-Speed Rail network and the Julius Nyerere Hydropower project in Tanzania.

• Financials and recognition: Elsewedy Electric is publicly traded on the Egyptian stock exchange. It was ranked among Forbes' Top 50 Listed Companies in Egypt in 2023.

Sustainability initiatives

Elsewedy Electric is actively involved in sustainability and has set targets to reduce its carbon emissions by 27% by 2030. The company's sustainability efforts have been recognized with an ESG Risk Score of 20.2 by Sustainalytics, a "B" score in Climate Change by CDP, and a silver rating from EcoVadis. It also develops Environmental Product Declarations (EPDs) for its products to provide transparent data on their environmental impact.